Wednesday, 9 April 2025 — The Next Recession
Today, President Donald Trump implemented his new range of tariffs on US imports called reciprocal tariffs. In addition to those announced last Wednesday (Liberation day), Trump included an extra levy on Chinese imports in retaliation to China’s decision to impose a 34% tariff on US imports, which in turn was a retaliation against Trump’s 34% hike on Chinese imports proposed last week. So US imports from China now have a 104% tariff rate, in effect a doubling. And as I write, China has announced a further 50% hike on US imports, taking Chinese tariffs on US exports to 84% in this tit-for-tat retaliation war.





Photo Credit: The Cradle
Photo Credit: The Cradle


